National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Canada
Annual
CANPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,513,249,000,000.00
Year-over-Year Change
59.35%
Date Range
1/1/1961 - 1/1/2022
Summary
The Annual Personal Consumption Expenditures (PCE) Deflator measures the change in prices paid by consumers in Canada for all goods and services. It is a key indicator of inflation and consumer spending trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual PCE Deflator tracks the overall price level of consumer purchases in Canada. It is a comprehensive measure of inflation, used by policymakers and analysts to assess the health of the Canadian economy and guide monetary policy decisions.
Methodology
The data is calculated by Statistics Canada based on household consumption surveys.
Historical Context
The Annual PCE Deflator is closely monitored by the Bank of Canada and other institutions to evaluate price stability and consumer demand.
Key Facts
- The PCE Deflator increased 3.9% in 2022.
- It is the Federal Reserve's preferred measure of inflation.
- The deflator covers a broader range of consumer spending than the CPI.
FAQs
Q: What does this economic trend measure?
A: The Annual Personal Consumption Expenditures (PCE) Deflator measures the change in prices paid by consumers in Canada for all goods and services.
Q: Why is this trend relevant for users or analysts?
A: The PCE Deflator is a key indicator of inflation and consumer spending trends, used by policymakers and analysts to assess the health of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada based on household consumption surveys.
Q: How is this trend used in economic policy?
A: The Annual PCE Deflator is closely monitored by the Bank of Canada and other institutions to evaluate price stability and consumer demand, informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual PCE Deflator data is released on a yearly basis by Statistics Canada.
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Citation
U.S. Federal Reserve, Annual Personal Consumption Expenditures (PCE) Deflator (CANPFCEADSMEI), retrieved from FRED.